Shareholders' equity (Tables)

3 Months Ended

May 04, 2024

Equity [Abstract]

Schedule of Dividends

Dividends declared on common shares during the 13 weeks ended May 4, 2024 and April 29, 2023 were as follows:

	Fiscal 2025				Fiscal 2024
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter (1)	$	0.29	$	12.9	$	0.23	$	10.4

(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of May 4, 2024 and April 29, 2023, there was $12.9 million and $10.4 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the first quarter of Fiscal 2025 and Fiscal 2024, respectively.

Dividends declared on the Preferred Shares during the 13 weeks ended May 4, 2024 and April 29, 2023 were as follows:

	Fiscal 2025				Fiscal 2024
(in millions, except per share amounts)	Dividends per share		Total dividends(2)		Dividends per share		Total dividends
First quarter (1)	$	13.14	$	6.2	$	13.14	$	8.2

(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of May 4, 2024 and April 29, 2023, there was $4.1 million and $8.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on the Preferred Shares declared for the first quarter of Fiscal 2025 and Fiscal 2024, respectively.

(2)    Dividends on the Preferred Shares during the first quarter of Fiscal 2025 includes $2.1 million of dividends paid in April 2024 in connection with the redemption further described in Note 5.

Schedule of Class of Treasury Stock

The share repurchase activity during the 13 weeks ended May 4, 2024 and April 29, 2023 was as follows:

	13 weeks ended May 4, 2024					13 weeks ended April 29, 2023
(in millions, except per share amounts)	Shares repurchased	Amount repurchased (1)		Average repurchase price per share (1)		Shares repurchased	Amount repurchased (1)		Average repurchase price per share (1)
2017 Program	0.1	$	7.4	$	101.10	0.5	$	39.1	$	74.95

(1)    Includes amounts paid for commissions.